Charles R Schwab Foundation For Financial Freedom is located in Palm Beach, FL. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles R Schwab Foundation For Financial Freedom is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Charles R Schwab Foundation For Financial Freedom generated $27.7m in total revenue. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 86.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charles R Schwab Foundation For Financial Freedom has awarded 11 individual grants totaling $2,720,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles R Schwab Chair & President | 1 | $0 | |
Walter W Bettinger II Director | 1 | $0 | |
Carolyn Schwab-Pomerantz Director & Secretary | 1 | $0 | |
Catherine A Molnar Treasurer | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $25,019,674 |
Interest on Savings | $158 |
Dividends & Interest | $114,156 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $2,527,593 |
Capital Gain Net Income | $5,983,440 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $27,661,581 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $365,109 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $35 |
Total operating and administrative expenses | $413,741 |
Contributions, gifts, grants paid | $1,314,209 |
Total expenses and disbursements | $1,727,950 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,209,523 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $34,181,973 |
Accounts payable and accrued expenses | $0 |
Grants payable | $972,446 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $410,752 |
Total liabilities | $1,383,198 |
Over the last fiscal year, Charles R Schwab Foundation For Financial Freedom has awarded $1,780,000 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: SUPPORT THE FINANCIAL LITERACY BADGE RELAUNCH | $500,000 |
New York, NY PURPOSE: SUPPORT THE FINANCIAL LITERACY BADGE RELAUNCH | $500,000 |
STANFORD UNIVERSITY PURPOSE: TO SUPPORT FINANCIAL LITERACY COURSE | $480,000 |
New York, NY PURPOSE: SUPPORT OF PERSONAL FINANCE COURSE PILOT | $100,000 |
JUNIOR ACHIEVEMENT ROCKY MOUNTAIN INC PURPOSE: SUPPORT THE JA FINANCE PARK | $90,000 |
Tempe, AZ PURPOSE: SUPPORT THE JA ARIZONA FINANCE PARK | $60,000 |
Organization Name | Assets | Revenue |
---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |